OXLC Stock Summary and Trading Ideas (Oxford Lane Capital Corp. - Closed End | NASDAQ:OXLC)

The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return. The funds current focus is to seek that return by investing in structured finance investments, specifically CLO vehicles which primarily own senior corporate debt securities. The fund also seek to make direct investment in corporate debt securities. The fund held debt investments in 6 different CLO structures, and equity investments in 31 different CLO structures. The funds investment strategy also includes warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. The fund may also invest, on an opportunistic basis, in other corporate credits of a variety of types. The Fund has thus far implemented its investment objective by purchasing in both the primary and secondary markets the income notes and subordinated notes (sometimes referred to as “equity”) and junior debt tranches of various CLO vehicles. Structurally, CLO vehicles are entities formed to purchase and manage portfolios of loans. The loans within a CLO vehicle are limited to loans which, on an aggregated basis, meet established credit criteria. They are subject to concentration limitations in order to limit a CLO vehicle’s exposure to individual credits. The CLO vehicles which the Fund focuses on are collateralized primarily by senior loans, and generally have minimal or no exposure to real estate, mortgage loans or to pools of consumer-based debt, such as credit card receivables or auto loans.

Oxford Lane Capital Corp. - Closed End trades on the NASDAQ stock market under the symbol OXLC.

As of April 18, 2024, OXLC stock price declined to $4.99 with 1,709,848 million shares trading.

OXLC has a beta of 0.93, meaning it tends to be less sensitive to market movements. OXLC has a correlation of 0.27 to the broad based SPY ETF.

OXLC has a market cap of $1.03 billion. This is considered a Small Cap stock.

In the last 3 years, OXLC stock traded as high as $8.53 and as low as $4.41.

OXLC has underperformed the market in the last year with a return of +14.9%, while the SPY ETF gained +22.3%. In the last 3 month period, OXLC fell short of the market, returning +3.2%, while SPY returned +6.1%. However, in the most recent 2 weeks OXLC has outperformed the stock market by returning -0.4%, while SPY returned -3.8%.

OXLC support price is $4.99 and resistance is $5.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OXLC stock will trade within this expected range on the day.